Bill Title: Creates the Uniform Money Transmission Modernization Act. Provides that the provisions supersede the Transmitters of Money Act. Sets forth provisions concerning money transmission licenses; acquisition of control; reporting and records; authorized delegates; timely transmission, refunds, and disclosures; prudential standards; and enforcement. Repeals the Transmitters of Money Act. Makes other changes. Effective January 1, 2026.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-04-19 - Rule 2-10 Committee Deadline Established As May 3, 2024 [SB3670 Detail]

Text: Latest bill text (Introduced) [HTML]

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